Ann: Change in substantial holding, page-26

Hi Tubbyguts, you raise a interesting point about Surgecenter and one that I was just investigating.

According to the Aust Govt takeover provisions they define "Relevant Interest" as below (which i would have thought would therefore combine GG & Surgecenters holdings form an interest perspective?

"Relevant interestThe concept of “relevant interest” is defined in ss608 and 609. Generally, a person will have a relevant interest in securities if they are the holder of the securities, they have the power to exercise, or control the exercise of, a right to vote attached to the securities or they have the power to dispose of, or control the exercise of a power to dispose of, the securities. It does not matter how remote the relevant interest is or how it arises. If 2 or more people can jointly exercise one of these powers, each of them is taken to have that power."

I confess, I was also using AI to try and determine a multiple of the SP that an aggressor would have to pay. The multiple AI was suggesting was not anywhere near what I (or many other LTHs would want). I put that down to the fact that AI doesnt have all the information relating to market potential of MSB therapies!